Logistics companies

ArcBest Q4 beats forecasts

LTL tonnage up double-digits in Q4

Logistics provider ArcBest Corp. (NASDAQ: ARCB) reported Tuesday fourth-quarter adjusted earnings per share of 97 cents, 5 cents ahead of consensus and 41 cents ahead of the 2019 period.

The asset-based segment, which includes less-than-truckload operations, reported an 8% year-over-year increase in revenue as tonnage increased by a similar amount with revenue per hundredweight, or yield, moving slightly higher.

LTL tonnage was up double-digit percentages, with weight per shipment increasing...

https://www.freightwaves.com/news/arcbest-q4-beats-forecasts

Commentary: Why now is an excellent time to sell your logistics business

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

While the ball was already rolling prior to COVID-19, Transplace’s most recent acquisition is a strategic move that couldn’t come too soon. The leading logistics provider announced on Sept. 1 its acquisition of LeanCor Supply Chain Group, a consulting firm specializing in lean principles. This marks Transplace’s third acquisition of 2020. 

We’ve seen recent,...

https://s29755.pcdn.co/news/commentary-why-now-is-an-excellent-time-to-sell-your-logistics-business

Amazon cuts ties with more delivery providers

Amazon is severing ties with more logistics companies.

More than 1,700 delivery drivers who work for small logistics companies in the Northeast found out in early August that they will lose their jobs over the next few months, though Amazon.com Inc. (NASDAQ: AMZN) said the drivers will have opportunities for other positions with its delivery partners.

The latest purge comes a few months after more than 1,300 delivery drivers were notified in February that Amazon was severing ties to their logistics companies.

“We work with a variety of carrier...

https://www.freightwaves.com/news/amazon-cuts-ties-with-more-delivery-providers